CarTrade Tech Ltd. (IN:CARTRADE)
:CARTRADE
Want to see IN:CARTRADE full AI Analyst Report?
Top Page
CarTrade Tech Ltd.
(CARTRADE)
Select Model
Select Model
Rating:64Neutral
Price Target:
₹1,737.00
▼(-29.50% Downside)
Action:ReiteratedDate:02/10/26
Score is anchored by strong financial performance (growth, improving profitability, low leverage, and solid cash flow). Offsetting this are weak technicals (price below key moving averages and negative MACD) and a high P/E valuation with no dividend yield provided.
Positive Factors
Revenue Growth
Double-digit revenue growth (~20.9%) demonstrates durable demand for its automotive digital ecosystem and rising adoption of B2B products. Sustained top-line expansion supports scale, network effects with dealers/OEMs, and provides capacity to reinvest in product and distribution.
Negative Factors
Revenue Cyclicality
The business depends heavily on dealer subscriptions, OEM advertising and transaction fees, making revenues sensitive to auto sales cycles and OEM marketing budgets. Structural cyclicality in vehicle sales and ad spend can produce durable revenue volatility across multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Double-digit revenue growth (~20.9%) demonstrates durable demand for its automotive digital ecosystem and rising adoption of B2B products. Sustained top-line expansion supports scale, network effects with dealers/OEMs, and provides capacity to reinvest in product and distribution.
Read all positive factors
CarTrade Tech Ltd. (CARTRADE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹77.79B
Dividend YieldN/A
Average Volume (3M)72.84K
Price to Earnings (P/E)60.4
Beta (1Y)0.95
Revenue Growth20.87%
EPS Growth72.31%
CountryIN
Employees1,010
SectorServices
Sector StrengthN/A
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)11.57
Shares Outstanding47,928,036
10 Day Avg. Volume12,597
30 Day Avg. Volume72,842
Financial Highlights & Ratios
PEG Ratio0.82
Price to Book (P/B)3.67
Price to Sales (P/S)12.72
P/FCF Ratio49.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)58.6
Revenue Forecast (FY)₹9.54B
CarTrade Tech Ltd. Business Overview & Revenue Model
Company Description
CarTrade Tech Limited operates a multi-channel online automotive platform to buy and sell new and used vehicles. The company offers new car OEM solutions that provides OEMs with consumer insights and data-driven solutions for building their digita...
How the Company Makes Money
CARTRADE primarily makes money by monetizing its automotive marketplaces and by providing technology and services to automotive businesses. Key revenue streams include: (1) Dealer/merchant subscriptions and listing fees: dealers and other professi...
CarTrade Tech Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.12B | 6.41B | 4.90B | 3.64B | 3.13B | 2.50B |
| Gross Profit | 3.51B | 3.53B | 2.41B | 1.49B | -304.39M | 1.16B |
| EBITDA | 2.20B | 1.23B | 570.61M | 174.07M | -1.49B | 285.26M |
| Net Income | 1.87B | 1.35B | 143.03M | 339.98M | -1.32B | 924.99M |
Balance Sheet | ||||||
| Total Assets | 28.20B | 27.05B | 25.10B | 23.43B | 22.81B | 19.30B |
| Cash, Cash Equivalents and Short-Term Investments | 8.24B | 6.83B | 6.74B | 10.27B | 9.06B | 6.54B |
| Total Debt | 2.29B | 1.31B | 1.12B | 864.28M | 774.55M | 545.51M |
| Total Liabilities | 3.72B | 3.79B | 3.53B | 2.21B | 2.06B | 1.68B |
| Stockholders Equity | 23.30B | 22.21B | 20.70B | 20.43B | 19.79B | 16.81B |
Cash Flow | ||||||
| Free Cash Flow | 903.20M | 1.66B | 129.62M | 411.05M | 573.84M | 297.60M |
| Operating Cash Flow | 923.88M | 1.71B | 158.73M | 482.16M | 631.57M | 352.04M |
| Investing Cash Flow | -739.64M | -1.38B | -1.10B | -165.51M | -2.81B | -3.41B |
| Financing Cash Flow | -141.05M | -268.17M | -329.25M | -391.22M | 2.29B | 3.08B |
CarTrade Tech Ltd. Technical Analysis
Neutral
2463.80
Price Trends
1882.98
Negative
2342.77
Negative
2353.42
Negative
Market Momentum
-11.46
Negative
54.17
Neutral
66.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CARTRADE, the sentiment is Neutral. The current price of 2463.8 is above the 20-day moving average (MA) of 1751.81, above the 50-day MA of 1882.98, and above the 200-day MA of 2353.42, indicating a neutral trend. The MACD of -11.46 indicates Negative momentum. The RSI at 54.17 is Neutral, neither overbought nor oversold. The STOCH value of 66.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:CARTRADE.
CarTrade Tech Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹44.72B | 8.40 | ― | ― | 6.30% | -14.93% | |
70 Outperform | ₹71.13B | 18.01 | ― | 0.94% | 8.65% | 13.08% | |
64 Neutral | ₹77.79B | 60.39 | ― | ― | 20.87% | 72.31% | |
63 Neutral | ₹72.35B | 74.06 | ― | 0.58% | 1.59% | 0.58% | |
60 Neutral | ₹58.09B | 55.57 | ― | 0.40% | 7.52% | -16.28% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
40 Underperform | ₹97.10B | 54.22 | ― | ― | -2.26% | 70.94% |
* Services Sector Average
IN:CARTRADE
CarTrade Tech Ltd.
1,623.15
-191.95
-10.58%
IN:IONEXCHANG
Ion Exchange (India) Ltd.
396.10
-110.35
-21.79%
IN:JUSTDIAL
Just Dial Ltd.
525.90
-393.75
-42.82%
IN:MMTC
MMTC Limited
64.73
8.32
14.75%
IN:TCI
Transport Corporation of India Limited
926.85
-88.35
-8.70%
IN:WELENT
Welspun Enterprises Ltd.
522.70
37.98
7.84%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.